Question
Below are details of a semiannual bond. Par value = 1000; Maturity 4 years; Market rate if interest (yield to Maturity) = 11% per annum;
Below are details of a semiannual bond.
Par value = 1000; Maturity 4 years; Market rate if interest (yield to Maturity) = 11% per annum; Coupon rate = 8% per year paid semiannually.
b. If the yield changes by 1 % what will be the change in price and what will be new price?
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The Handbook Of Structured Finance
Authors: Arnaud De Servigny, Norbert Jobst
1st Edition
0071468641, 978-0071468640
